LONDON (Reuters) – The British public’s expectations for inflation in future years receded in recent weeks to the lowest level in almost a year, a survey showed on Tuesday in welcome news for Bank of England officials who fear price pressures might become embedded. “Consumer inflation expectations continue to fall according to our survey, with …
UK public inflation expectations cool: Bank of America survey Read More »
(Reuters) -Slovakia has enough gas stored up for the upcoming heating season and it is prepared for even a complete stop to supply from Russia, Economy Minister Richard Sulik said on Tuesday. The country, which was completely dependent on Russian gas, has been looking for alternative routes since February when Russia sent troops into Ukraine, …
Slovakia has enough gas for upcoming heating season, economy minister says Read More »
WARSAW (Reuters) – Poland will see inflation peak at 18.8% and economic growth fall to as low as 0.5% in the first quarter of 2023, according to forecasts published by the central bank on Tuesday. According to the projections, emerging Europe’s largest economy is on track for higher inflation and lower growth next year in …
Polish central bank forecasts inflation peaking at 18.8% in Q1 2023 Read More »
BERLIN (Reuters) – German investor sentiment fell sharply in July, weighed down by major concerns about Germany’s energy supply, pandemic-related lockdowns in China and the ECB’s announced interest rake hike. The ZEW economic research institute said its economic sentiment index fell to -53.8 points from -28.0 in June. A Reuters poll had pointed to a …
BERLIN (Reuters) – Swiss arms exports rose more than 40% to CHF 516m in the first half of this year, the Economy Ministry said, with CHF 159.8m in sales of air defence systems to Qatar to protect stadiums during the soccer World Cup making a decisive contribution. After Qatar, the top five buyers were Denmark, …
Air defence for Qatar soccer stadiums a boon for Swiss arms exports Read More »
LONDON (Reuters) – Eastbound gas flows via the Yamal-Europe pipeline to Poland from Germany edged lower on Tuesday morning, data from pipeline operator Gascade showed. Exit flows at the Mallnow metering point on the German border stood at around 3,400,000 kWh/h early on Tuesday, down from around 4,800,000 kWh/h the previous day. Physical gas flows …
Eastward gas flows via Yamal-Europe pipeline edge down Read More »
By Eva Mathews (Reuters) -British oil and gas group Serica Energy has rejected a merger proposal valuing it at 1.04 billion pounds ($1.23 billion) from energy investment firm Kistos, which is looking to strengthen its foothold in the North Sea. The details of the proposal were made public by Kistos on Tuesday, which had made …
Serica Energy rejects Kistos’ $1.23 billion merger bid Read More »
By Susan Mathew (Reuters) -European shares fell for a second session on Tuesday, hit by worries about an energy supply crunch, while rising COVID-19 cases in China exacerbated fears of a global recession. The pan-European STOXX 600 index fell 0.4%, with healthcare, technology and luxury stocks weighing the most. Real-estate stocks slid 1.5%. Worries are …
European shares slip on fears of energy supply shortage Read More »
(Reuters) – Twitter Inc fired back at Elon Musk on Monday, accusing the world’s richest person of “knowingly” breaching an agreement to buy the social media firm, days after the Tesla Inc chief sought to back out of the $44 billion deal. In a letter sent to Musk, dated Sunday and filed with regulators on …
Twitter hits back at Musk, says no deal obligations breached Read More »
(Reuters) – British lawmakers approved a 25% windfall tax on oil and gas producers in the British North Sea on Monday, which the government says will raise 5 billion pounds ($5.95 billion) in one year to help people struggling with soaring energy bills. The Energy Profits Levy will target profits made from a spike in …
UK lawmakers approve windfall tax on oil and gas producers Read More »
